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28 Feb Energy Price, news updates 28/02/26

Posted at 08:59h in Press Releases by oilandgaspress 0 Comments

(Oilandgaspress) Oil prices under threat as U.S. and Israel launch strikes across Iran, including Tehran on Saturday (28 February), in a “preventative attack”. Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$67.02DownCrude Oil (Brent)USD/bbl$72.87UpBonny Light 27/02/26 CBNUSD/bbl$72.94--DubaiUSD/bbl$68.34--Natural GasUSD/MMBtu$2.85UpMurbanUSD/bbl$74.24UpOPEC basket 26/02/26 OPECUSD/bbl$69.64--At press time February 28, 2026 . In the UK, VAT on public...

27 Feb Aramco Starts production at Jafurah

Posted at 19:18h in Press Releases by oilandgaspress 0 Comments

(Oilandgaspress) - Aramco announced major progress in its ambitious gas expansion strategy, with the start of production at Jafurah, the Middle East’s largest unconventional gas field, and the commencement of operations at Tanajib Gas Plant, one of the largest gas plants in the world. This will...

27 Feb Baker Hughes Rig Count: U.S. -1 to 550 Canada -10 to 214

Posted at 18:25h in Press Releases by oilandgaspress 0 Comments

(Oilandgaspress) - U.S. Rig Count is down 1 from last week to 550 with oil rigs down 2 to 407, gas rigs up 1 to 134 and miscellaneous rigs unchanged at 9.Canada Rig Count is down 10 from last week to 214 with oil rigs...

27 Feb Lyten Acquires Northvolt’s Assets in Sweden, Poland, and Germany

Posted at 17:54h in Press Releases by oilandgaspress 0 Comments

(Oilandgaspress) - Lyten, a global leader in lithium-sulfur batteries and energy storage, announced today that it has completed the acquisition of Northvolt Ett and Ett Expansion (Skellefteå, Sweden) and Northvolt Labs (Västerås, Sweden). The Northvolt Sweden acquisition includes 16 GWh of existing battery manufacturing capacity,...

27 Feb Bugatti W16 Mistral ‘La Perle Rare’

Posted at 17:19h in Electric Cars, Views by oilandgaspress 0 Comments

(Oilandgaspress) - Bugatti introduces an open-top masterpiece shaped by performance, artistry and heritage, the Bugatti W16 Mistral represents the ultimate chapter of the legendary W16 era. Through the exquisite personalization courtesy of Bugatti’s Sur Mesure offering, this extraordinary roadster becomes a canvas for the most...

27 Feb New appointment announced at Lamborghini

Posted at 17:09h in News analysis, Views by oilandgaspress 0 Comments

(Oilandgaspress) - Automobili Lamborghini announces the appointment of Douglas Arrighi Pereira as Chief People, Culture and Organization Officer. Arrighi Pereira takes on the role following the departure of Umberto Tossini, who, after a long and successful career, has left the company to pursue new professional...

27 Feb Stellantis announce 2025 Financial Results

Posted at 16:59h in Electric Cars, Views by oilandgaspress 0 Comments

(Oilandgaspress) - Stellantis reported Net revenues of €153.5 billion, down 2% from 2024 due to strong FX headwinds and H1 2025 net pricing declines, which were partially offset by higher volume and mix. The Company posted a Net loss of €22.3 billion, driven by €25.4...

27 Feb Energy / Automotive news and analysis 27/02/26

Posted at 15:02h in Press Releases by oilandgaspress 0 Comments

(Oilandgaspress) Oil prices up as U.S.-Iran Standoff Triggers Higher 2026 Forecasts. The potential for war premium, OPEC+ supply policy, and the fundamentals in supply-demand balances will determine the direction of oil prices this year. Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$67.13UpCrude Oil (Brent)USD/bbl$72.70UpBonny Light 27/02/26...

27 Feb BMW to deploy humanoid robots in production in Germany

Posted at 14:27h in Electric Cars, Press Releases by oilandgaspress 0 Comments

(Oilandgaspress) - BMW Group is consistently advancing the digitalisation and use of artificial intelligence in production. A key element in this effort is “Physical AI”, which combines digital artificial intelligence (AI) with real machines and robots. This enables intelligent systems such as humanoid robots to...

27 Feb Honda Motor release sales results for January 2026.

Posted at 12:51h in Electric Cars, Views by oilandgaspress 0 Comments

(Oilandgaspress) - Honda Motor Co., Ltd. announced a summary of automobile production, Japan domestic sales, and export results for the month of January 2026. World Production January 2026YOYJanuary 2025Japan51,081 units113.9%44,857 unitsOutside of Japan223,265 units99.8%223,771 unitsTotal274,346 units102.1%268,628 units Production in Main Regions North America139,348 units115.7%120,466 units USA86,367 units134.5%64,202 units Asia73,026 units77.2%94,573 units China38,125 units72.8%52,364...

27 Feb BW Energy: release Annual report 2025

Posted at 11:43h in Press Releases by oilandgaspress 0 Comments

(Oilandgaspress) - BW Energy today published its annual report for the financial year ended 31 December 2025. BW Energy also published the Board-approved report on payments to governments and the annual statement of reserves for 2025. The year 2025 was pivotal for BW Energy. The sanctioning...